Local STR/Vacation Rental Property Management Companies

[Steven Andrews]

There's lots of discussions in these forums of the pros and cons (mostly cons) of national STR/vacation rental property management companies like Evolve, Vacasa, etc. I've had good experience with a local property management company that is full service but isn't charging a 30%-60% commission and I'd like to find others. It seems like these smaller shops provide better and more personal service to owners and guests alike and I'd like to identify more of this boutique firms.

I don't care what part of the country, if you know of a high-quality full-service STR vacation rental prop management company in the 15-25% commission range please let me know. Thanks!

[Benjamin Vail]

@Steven Andrews to answer your question, there are starting to be several smaller shops for STR property management. I run one as well. We charge 25% for full-service, and less in some situations. Our clients love it, because they are completely hands off and have great profits. We have grown quite rapidly in Ohio (Columbus and Cincinnatti), and have doubled our portfolio size again in the last year. We are now managing 46 units, and are working on expanding to new states as well (TX, PA, KY). It is not our goal to be as big as the big players (Vacasa, Evolve, Turnkey). My worst fear is taking on more than we can properly manage, and I see the big guys doing that ALL THE TIME! But our goal is steady, sustainable growth, and to be more of a great service for individual investors to gain experience and profits in the short term rental space without having to reinvent the wheel.

I know my friends @Luke Carl and @John Underwood always want to promote the self-Managment style, but the reality is some people just want to hire a bit of specialized help, instead of take on the learning curve and pay their dues by making costly mistakes. Also, some (high net worth individuals) value their time at a high enough price they would rather pay a manager to do the day-to-day stuff. 

- Cheers!